105
105
Feb 12, 2013
02/13
by
CSPAN
tv
eye 105
favorite 0
quote 0
speaker, i rise today to acknowledge the u.s. department of justice for finally taking some substantive action against one of the credit rating agencies, standard & poor's, for its role in causing the greatest economic crisis since the great depression. when wall street's housing bubble burst in twain, it sent shock waves through our economy. that shock wave may not have been so destructive as credit rating agencies like standard & poor's did not create fraud. rather than assessing real risk and do diligence on the securities, standard & poor's invented a system of defrauding investors by providing the highest rating as long as the clients paid standard & poor's enough money. if standard & poor's actually rated the mortgage securities for what they were truly worth, our entire banking system and economy may not have collapsed. while the department of justice should be praised for taking some action, other rating agencies were left out of the case. and the fact is justice's case is only a civil one not a criminal one. that tells y
speaker, i rise today to acknowledge the u.s. department of justice for finally taking some substantive action against one of the credit rating agencies, standard & poor's, for its role in causing the greatest economic crisis since the great depression. when wall street's housing bubble burst in twain, it sent shock waves through our economy. that shock wave may not have been so destructive as credit rating agencies like standard & poor's did not create fraud. rather than assessing real...
133
133
Feb 12, 2013
02/13
by
WETA
tv
eye 133
favorite 0
quote 0
u.s. economy and profits for this year. on top of that, financial conditions in the eurozone are still a threat to u.s. stocks. >> with the market at current levels, which... basically looks like they're priced for perfection, there doesn't leave a lot of room for any disappointing news. and there are a lot of areas that could create disappointing news. >> reporter: weissberg says many market pros believe stocks are headed higher, but they need a catalyst, and that's unlikely to come from tonight's state of the union. suzanne pratt, "n.b.r.," new york. >> susie: still ahead, why ailing smartphone maker blackberry is hoping the sports market will help it on its road to recovery. we'll explain in tonight's "beyond the scoreboard." a "silly sideshow--" that's what apple c.e.o. tim cook called a recent lawsuit filed by hedge fund manager david einhorn. speaking at a goldman sachs technology conference today, cook also said apple is considering einhorn's proposal to issue preferred stock and re
u.s. economy and profits for this year. on top of that, financial conditions in the eurozone are still a threat to u.s. stocks. >> with the market at current levels, which... basically looks like they're priced for perfection, there doesn't leave a lot of room for any disappointing news. and there are a lot of areas that could create disappointing news. >> reporter: weissberg says many market pros believe stocks are headed higher, but they need a catalyst, and that's unlikely to...
84
84
Feb 12, 2013
02/13
by
FOXNEWS
tv
eye 84
favorite 0
quote 0
the office of the u.s. director of national intelligence is aware of a seismic event with explosive characteristics in north korea and is evaluating all of the relevant informs now. the test comes after tough sanctions from the u.n., following a december rockets launch, one the u.n. condemned as a cover for a long-range missile test. last month, north korea vowed to continue testing powerful long-range nuclear missiles. the u.n. security council will hold an emergency meeting on north korea's nuclear test. that will happen on tuesday morning. we will, of course, be covering this all day fur to let you know what this means for the u.s. keep it here on fox newschannel for more information. now we go back to "on the record," already in progress. address, governor of minnesota firing back. >> job growth in 2012 was the 12th best among all 50 states and we outperformed three of our four neighbors. iowa ranked 30th best. south dakota 44th, wisconsin which is which by the way is open for business-- (laughter) (app
the office of the u.s. director of national intelligence is aware of a seismic event with explosive characteristics in north korea and is evaluating all of the relevant informs now. the test comes after tough sanctions from the u.n., following a december rockets launch, one the u.n. condemned as a cover for a long-range missile test. last month, north korea vowed to continue testing powerful long-range nuclear missiles. the u.n. security council will hold an emergency meeting on north korea's...
64
64
Feb 12, 2013
02/13
by
CSPAN2
tv
eye 64
favorite 0
quote 0
the fiscal outlook which the u.s. army faces in fiscal year '13 is dire and to my knowledge unprecedented. in addition to the $180 billion. the combination of the continuing resolution a shortfall -- excuse me, the shortfall in oversays contingency operation funds for afghanistan and the sequester and fiscal year 2013 has resulted in a 17 to $18 billion shortfall to the army's operation and maintenance accounts. as well as an additional $6 billion to other programs. all of this will come in remaining seven months of this year. the fiscal year 2013 fiscal situation -- impact on all forces not serving in afghanistan or forward in korea. impacts which will have a significant impact to fiscal year 2014 and beyond. just a few of the acts we will be forced to take, are for example, we will curtail training for 80% of ground forces. this will impact our unit's basic warfighting skills and shortfall across critical specialty including aviation, intelligence, engineering, and even our ability to recruit soldiers in to our army
the fiscal outlook which the u.s. army faces in fiscal year '13 is dire and to my knowledge unprecedented. in addition to the $180 billion. the combination of the continuing resolution a shortfall -- excuse me, the shortfall in oversays contingency operation funds for afghanistan and the sequester and fiscal year 2013 has resulted in a 17 to $18 billion shortfall to the army's operation and maintenance accounts. as well as an additional $6 billion to other programs. all of this will come in...